Manoj Vaibhav Gems N Jewellers Limited held its 37th Annual General Meeting on September 25, 2026, adopting audited financial statements for the fiscal year ended March 31, 2026. The meeting, conducted via Video Conferencing, also saw the re-appointment of key board members and statutory auditors.

The proceedings commenced at 12:00 noon and concluded at 12:35 pm. Chairperson and Managing Director Bharata Mallika Ratna Kumari Grandhi chaired the session, with Joint Managing Director Gontla Rakhal presenting the company's performance highlights and strategic progress. Whole-time Director and CFO Sai Keerthana Grandhi outlined the company's core values and community engagement initiatives.

Resolutions passed

Six ordinary and special resolutions were transacted during the meeting. Shareholders approved the adoption of the annual report and the appointment of a director in place of Sai Keerthana Grandhi, who retired by rotation. Additionally, the re-appointment of Statutory Auditors M/s. Sagar & Associates was ratified.

Three special resolutions focused on leadership continuity:

Voting and participation

The company utilized remote e-voting facilities provided by Central Depository Services Limited (CDSL). The voting window remained open from 9:00 am on Tuesday, September 22, 2026, to 5:00 pm on Thursday, September 24, 2026. Members present virtually could also cast votes during the meeting via the CDSL portal.

Practicing Company Secretary N. Vanitha served as the scrutinizer. Results of the e-voting are expected to be declared within two working days from the conclusion of the meeting and will be communicated to stock exchanges and uploaded to the company website.

Board attendance

The meeting was attended by all key managerial personnel and independent directors, ensuring full compliance with governance norms. Notable attendees included Independent Directors Sridevi Dasari, Adabala Seshagiri Rao, Ramesh Babu Nemani, and Jonnada Vaghira Kumari. Company Secretary Bandari Shiva Krishna managed the procedural aspects of the virtual gathering.

Manoj Vaibhav Gems has scheduled its 37th Annual General Meeting (AGM) for Friday, September 25, 2026. The meeting will be held via Video Conferencing or Other Audio Visual Means to ensure shareholder participation.

The company notified the Bombay Stock Exchange and the National Stock Exchange of India Limited regarding the upcoming meeting. The disclosure was made pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the financial year ended March 31, 2026, the company reported a revenue from operations of ₹2,744.03 crore, reflecting a year-on-year growth of 15.1%. Profit After Tax (PAT) stood at ₹114.98 crore, an increase of 14.5% compared to the previous year. EBITDA grew by 12.6% to ₹185.25 crore.

The growth was driven by higher revenues and operational efficiencies. The company did not recommend any dividend for the financial year ended March 31, 2026, citing the need to conserve resources for future growth and expansion plans.

Key Agenda Items

The AGM notice includes several special resolutions for shareholder approval:

• Re-appointment of CMD: Mrs. Bharata Mallika Ratna Kumari Grandhi is proposed for re-appointment as Chairperson & Managing Director for five years, effective February 12, 2027. Her gross remuneration is set at ₹3.89 crore per annum, with a cap of ₹4.60 crore.
• Re-appointment of CFO: Mrs. Sai Keerthana Grandhi is proposed for re-appointment as Whole time Director & CFO for five years, effective March 1, 2027. Her gross remuneration is ₹1.13 crore per annum, capped at ₹1.60 crore.
• Re-appointment of Executive Director: Mrs. Sai Sindhuri Grandhi is proposed for re-appointment as Executive Director for five years, effective March 1, 2027. Her gross remuneration is ₹30.74 lakh per annum, capped at ₹60 lakh.
• Statutory Auditors: Re-appointment of M/s. Sagar & Associates as Statutory Auditors for a second term of five years.

What the Numbers Show

The company’s PAT margin remained stable at 4.2% in FY26, consistent with FY25 levels, despite significant revenue expansion. This indicates that operating leverage was offset by proportional increases in costs or lower-margin mix. Additionally, the net debt-to-equity ratio ticked up slightly to 0.55 times from 0.51 times in the previous year, driven by an increase in current borrowings to support inventory buildup, which rose to ₹1,609.87 crore.

Meeting Details

Shareholders will receive the electronic copy of the notice convening the AGM along with the Annual Report via electronic mode. Members holding shares in dematerialized form are advised to contact their respective Depository Participants to register or upload their email addresses. As on March 31, 2026, all equity shares of the company were in dematerialized form.

Pursuant to Regulation 36(1)(b) of the Listing Regulations, shareholders whose email addresses are not registered with their respective Depository Participants have been provided a web-link to access the Annual Report for FY26. The report is also available on the company website.

Shareholders can join the AGM exclusively through the VC/OAVM facility. Instructions for remote e-voting and e-voting during the AGM will be provided in the official notice.